On Wednesday at 10am ET, the House Financial Services Committee will hold a full committee hearing on flood insurance reauthorization entitled “Preparing for the Storm: Reauthorization of the National Flood Insurance Program.”

 

A few key issues to be discussed;

 

– 5 year reauthorization
– Raising ICC from $30,000 to $60,000 (Increased Cost of Compliance)
– Fixing the Flood Insurance Claims Process
– Fixing and funding Mapping and Mapping appeals
– Additional mitigation funding
– Raising policy limit from $250K to $500K

 

Read the full story here

 

 

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